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Real Estate Forum on Long-term Capital Asset

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Q: Capital gains on sale of long-term capital assets are subject to a tax rate of 20% (excluding surcharge and education cess)

Latest Answer: But there are certain restrictions as well, if the capital gains remain un-invested until the due date of filing tax returns in India (i.e. 31 July), you may put the amount of capital gains in a Capital Gains Account Scheme (CGAS) with a bank (not later than the due date of filing your India tax return), and you can then subsequently withdraw this amount for reinvestment purposes.
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